If all goes as planned, more than 5,200 advisors under the old AIG Advisor Group umbrella will find themselves working under new ownership later this year with little or no disruption to their business. And the hope is that they may now benefit from working for a more concentrated parent company.

Private equity firm Lightyear Capital announced on Tuesday that it would acquire the broker-dealer network from global insurance firm American International Group and install former Cetera CEO Valerie Brown as executive chairman. Questions were immediately raised about the future direction of the company and its four subsidiary broker-dealers—FSC Securities Corp., Royal Alliance Associates, SagePoint Financial and Woodbury Financial Services.

“The four broker-dealers will remain the same,” says Advisor Group CEO Erica McGinnis, who will stay on after the acquisition and work in partnership with Brown. “Lightyear is purchasing the Advisor Group in an ‘as-is’ format.”

Brown’s newly formed executive chairman position will not alter McGinnis’ day-to-day control of the company.

“I’m joining the management team full time,” says Brown. “My role will be the governance you’d expect from any board chairman. I’m partnering with Erica to develop strategy and work with our board to identify the best places to allocate capital going forward.”

Brown says she will also spearhead some of the firm’s lobbying and advocacy efforts. “I will also focus externally on opportunities to grow and to represent this industry. I have a lot of passion for this industry, and I will play a role in advocacy with trade organizations as we continue to serve clients moving forward.”

The Advisor Group will attempt to retain its structure, advisors and assets after the acquisition closes in the second quarter of 2016.

“Myself and the Lightyear folks, we’re very familiar with networks like the Advisor Group,” Brown says. “We respect the individual culture of the broker-dealers and the independent nature of the advisors.”

Donald Marron, Lightyear’s chairman, confirms that retention deals may be offered to the independent advisors to keep the firm intact.

“The advisors won’t see a change, and their clients won’t see a change,” Marron says.

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